China has been quietly developing its own blockchain platform, known as the Blockchain-based Service Network (BSN). The world found out about this endeavor in 2019, when Chinese President Xi [.]
Klaytn, a Ethereum Virtual Machine (EVM) compatible blockchain backed by South Korean internet giant Kakao, will help build an open-permissioned blockchain for China’s state-backed Blockchain-based Service Community’s (BSN) to support use cases of NFT, metaverse, gaming in Chinese market.
Klaytn will be establishing an Open Permissioned Blockchain (OPB), the Chongqing Chain, on the Blockchain-based Service Network (BSN) The BSN is a multi-chain.
While Congress and the Biden administration have taken steps toward promoting DLT innovation and implementation, a cohesive national strategy is imperative.